Meridian Bancorp Inc. (EBSB) Raises Quarterly Dividend 25% to $0.10; 2.3% Yield
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Meridian Bancorp, Inc. Announces 25% Increase in Quarterly Dividend and New Stock Repurchase Program
February 24, 2021 5:00 PM ESTBOSTON, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the Company or Meridian) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend of $0.10 per common share, an increase of $0.02 per common share, or 25%, payable on April 1, 2021 to stockholders of record at the close of business on March 18, 2021. The Company also announced that it has adopted a new stock repurchase program for up to 1,000,000 shares, or approximately 1.9% of its outstanding common stock.
Richard J. Gavegnano, Chairman, President and Chief Executive Officer of the Company, said,... More
